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Inforum, or the Interindustry Forecasting Project at the University of Maryland, was founded 40 years ago by Dr. Clopper Almon, now Professor Emeritus of the University. It is dedicated to improving business planning, government policy analysis, and the general understanding of the economic environment. Inforum accomplishes this mission through:

• Building and using structural economic models of U.S. and other economies. Inforum pioneered the construction of dynamic, interindustry, macroeconomic models which portray the economy in a unique "bottom-up" fashion.

• Working with government and private sector research sponsors to investigate a variety of issues. Economic projections and analysis using Inforum econometric models are distinguished by detail at the industrial and product level.

• Serving as a training crucible for University of Maryland graduate students who receive valuable training in empirical economics. Indeed, Inforum graduate research assistants have completed over 40 Ph.D. dissertations, most of which have contributed directly to the infrastructure of Inforum.

• Maintaining active and productive ties with a world-wide network of research associates, each of which uses Inforum modeling methods and software. The Inforum partners have held annual conferences since 1993.

In 2007, Inforum proudly celebrated its 40th anniversary. Since its founding in 1967 by Dr. Clopper Almon, Inforum has operated at the University of Maryland, serving clients in business and government and providing training for many university students, visiting scholars, and others. Inforum continues to foster cooperation and development of economic knowledge and techniques with partners around the world.

NEWS HEADLINES

Selected news stories are listed below. A complete listing of recent news also is available.

The Balancing Act: Climate Change, Energy Security & the U.S. Economy June 25, 2009 - The Business Roundtable released a major study, The Balancing Act: Climate Change, Energy Security and the U.S. Economy, that identifies policies to reduce greenhouse gas emissions while minimizing economic costs. The study was based on scenarios developed using the Inforum LIFT model that analyzes the interaction between industries as well as macroeconomic performance.

Preparing the Workers of Today for the Jobs of Tomorrow July 13, 2009 - The President’s Council of Economic Advisers (CEA) reported projections of U.S. labor market developments through 2016 and described education and training programs needed to develop a competitive workforce.  The CEA used industry employment projections from the Inforum LIFT model to complement Bureau of Labor Statistics forecasts of industry and occupation growth. 

Macroeconomic and Industry Impacts of 9/11: An Interindustry Macroeconomic Approach July 6, 2009 - Jeff Werling and Ron Horst published Macroeconomic and Industry Impacts of 9/11: An Interindustry Macroeconomic Approach in the journal Peace Economics, Peace Science, and Public Policy. The paper presents results for a study on terrorism organized by CREATE, a DHS-funded organization at USC dedicated to the study of terrorism.

Economic Impact of the Energy Security Leadership Council’s National Strategy for Energy Security February 23, 2009 - In a February press conference, Frederick W. Smith, CEO of FedEx and Co-Chairman of the SAFE organization's Energy Security Leadership Council, presented Inforum's long-term economic analysis of the Energy Security Leadership Council's National Strategy for Energy Security.

 

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